M&A Deal Summary

Illuminate Education Acquires Key Data Systems

On July 3, 2018, Illuminate Education acquired education company Key Data Systems from Insight Partners

Acquisition Highlights
  • This is Illuminate Education’s 5th transaction in the Education sector.
  • This is Illuminate Education’s 5th transaction in the United States.
  • This is Illuminate Education’s 2nd transaction in California.

M&A Deal Summary

Date 2018-07-03
Target Key Data Systems
Sector Education
Buyer(s) Illuminate Education
Sellers(s) Insight Partners
Deal Type Merger

Target

Key Data Systems

Lake Elsinore, California, United States
Key Data Systems is an educational research and content company serving K-12 educators by providing highly curated industry-leading item banks and a suite of over 500 pre-built formative assessments and solutions that combine rigor, innovation, and integrity. In 2017, KDS joined forces with Fluence Learning and Progress Testing to form the largest collection of formative assessment items in the education industry to inform instruction for increased student learning. KDS currently supports close to 12.5 million students in 43 states.

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Buyer(S) 1

Buyer

Illuminate Education

Irvine, California, United States

Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

Illuminate Education is a provider of K-12 software and services. An educator perspective drives all of Illuminate’s solutions, which are designed to maximize instructional time, streamline educator tasks and support data-driven decision-making. Illuminate Education was founded in 2009 and is based in Irvine, California.


DEAL STATS #
Overall 5 of 6
Sector: Education M&A 5 of 6
Type: Merger M&A Deals 4 of 4
State: California M&A 2 of 2
Country: United States M&A 5 of 6
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 IO Education

Atlanta, Georgia, United States

IO Education LLC engages in the education technology industry for over 18 years, IO Education is on a mission to empower educators through data to improve educational outcomes. IO Education’s award-winning solutions are used in all 50 states by over 7,500 schools and 120,000 educators, supporting instruction for over 6,000,000 students. IO Education LLC was founded in 1997 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 FastBridge Learning

Minneapolis, Minnesota, United States

FastBridge Learning LLC is a research-driven assessment platform that transforms the way teachers measure and monitor student progress. FastBridge Learning believe teachers deserve the best tools to help students stay on track, and strive to transform the way teachers assess and address the learning needs of students by providing one simple solution for faster results that are proven effective.

Buy -

Seller(S) 1

SELLER

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 15 of 48
Sector: Education M&A 1 of 1
Type: Merger M&A Deals 2 of 3
State: California M&A 4 of 14
Country: United States M&A 15 of 41
Year: 2018 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Illuminate Education

Irvine, California, United States

Illuminate Education is a provider of K-12 software and services. An educator perspective drives all of Illuminate’s solutions, which are designed to maximize instructional time, streamline educator tasks and support data-driven decision-making. Illuminate Education was founded in 2009 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Hinge Health

San Francisco, California, United States

Hinge Health is a digital health startup that develops software, hardware, and services to help companies manage employees’ musculoskeletal (MSK) conditions. Hinge Health was founded in 2015 and is based in San Francisco, California.

Buy -